News: Hillary Duff fragrance deal with E. Arden.

LOS ANGELES — Hilary Duff celebrated her 18th birthday in style Wednesday by becoming the chief executive officer of her own fashion and lifestyle company.

Hillary Duff has signed a fragrance deal with Elizabeth Arden, making her the latest in a string of high-profilers — including Sean &quot;Diddy&quot; Combs, Sarah Jessica Parker, Kimora Lee Simmons and Paris Hilton — looking to cash in on the beauty business.

The first piece of the Duff beauty oeuvre, a fragrance, is scheduled for a fall 2006 launch in prestige beauty doors in the U.S. The line will then be rolled out globally.

&quot;We had our first creative meeting today,&quot; Duff said, adding that she's fond of fragrances such as Opium, Marc Jacobs Blush, Burberry Brit, Stella McCartney, Narciso Rodriguez and Child. &quot;I wear different fragrances at different times of the day. In fact, when we met, I said, ‘I only get to do one first?' I have so many ideas, but I know what I like and what I don't.&quot;

Although terms of the deal were not disclosed, industry sources have speculated that such agreements often include an up-front payout of $1 million to $2 million, and 1 to 3 percent of fragrance sales after the scent is on the counter.